Tuesday, November 4, 2008

China is due for a fall

One of these days (probably pretty soon in my opinion) China is going to hit a wall and stop growing and stop being watched. Back in the 50s Russia was considered a wunderkind of a growing economy. One day though it just stopped and never really recovered.

China is in that position today. It does not have the culture and it does not have the government to progress beyond a factory economy and other countries are going to be undercutting it on that pretty soon. It will have a ravaged environment and nothing to show except the failures of an unsustainable system.

Either that or powerful capitalists will get in charge and usher in modernizations and it goes somewhere. My opinion is that that doesn't happen though.

No comments: